Buoyed by the huge popularity of the Hyperliquid DEX, the sector of decentralized platforms specializing in perpetual contracts is enjoying significant success. In this race, challenger Lighter has just announced the launch of its mainnet.
Perpetual DEX Lighter launches its mainnet
The sector of decentralized crypto trading platforms (DEX) specializing in perpetual contracts is currently experiencing unprecedented growth, driven by the significant success of its leader, Hyperliquid. This position puts it in fierce competition, currently led by its main rival, Aster.
This is an opportunity for other projects to try to gain market share, such as the Lighter platform, which is already in third place in the sector with $63 billion in volume over the last seven days. This position was achieved even though its protocol was still operating in a private beta version.
But after eight months of intense development, the time has come to officially launch its mainnet, with the number of active traders growing from just over a hundred to more than 188,000 unique accounts, 50,000 of which are considered active on a daily basis.
Data published on the X network just a few hours ago as part of its official announcement to promote an “on-chain trading platform with high-frequency finance performance.”
Lighter’s public mainnet is now live after 8 months of private beta! Trade low-cost, low-latency perpetuals on Ethereum layer 2 with custom ZK circuits for verifiable matching and liquidations.
Lighter
Welcome to Season 2 of the “Lighter Points” program
As part of this launch, Lighter officials are also announcing the implementation of a new and improved block explorer, accessible directly from the application. This is a great way to get an overview of order management and transactions in progress in real time. All this is accompanied by comprehensive dashboards available on reference sites such as DefiLlama and Artemis. The launch of this public mainnet also marks the end of the first season of the “Lighter Points” program. This program was set up to allow users to receive rewards for their commitment and to be eligible for a possible future airdrop.
As a result, season 2 has just started and will run until the end of the year. Details of this points collection will be published in the coming days, but only organic trading strategies will be rewarded. Sybil activities, automated trading, and similar activities will be systematically excluded. You have been warned…
Lighter will always be free for individual traders using the interface for low- or medium-frequency trading. We have started charging fees for API trading, including market makers and high-frequency trading (HFT). We have also implemented rules to automatically ban wash trading and Sybil attacks.
Lighter
